Trump’s inauguration speech sent the greenback lower last Friday, resulting in the EUR/USD pair flirting with the 1.0700 level at the end of the week and settling a few pips below it. The speech prompted concerns about protectionist trade policies, offsetting announcements of large infrastructure investment. There were no comments on fiscal stimulus, disappointing investors, whilst in the political front, his words failed to tend a hand to those that didn’t vote him. The US is now a nation riven by a divisive campaign, and unless the new government works hard on it, the dollar will suffer the consequences.

For the week ahead, the US will release its first GDP estimate for the last quarter of 2016, with the Markit January PMIs for the EU and the US will also see the light, and give a clearer picture of how economic growth is starting this 2017 in both economies.

More signs of a dollar’s bottom can be seen in the daily chart, as the pair is currently pressuring the 38.2% retracement of its November/January slide at 1.0710. The price is well above a bullish 20 DMA, now converging with the 23.6% retracement of the same decline around 1.0565, a line in the sand for bulls, as they would probably give up only on a break below it. The RSI indicator in the same chart heads higher around 59, while the Momentum indicator is easing modestly from overbought territory. Lastly, the 100 DMA maintains a sharp bearish slope around 1.0780, the next probable bullish target on a break above the mentioned Fibonacci resistance. Shorter term, the 4 hours chart shows that the price is above its 20 SMA, although technical indicators lack clear directional strength, hovering around their mid-lines. A daily ascendant trend line at 1.0610 this Monday, should offer support in case of retracements ahead of the mentioned 1.0565 level.

Support levels: 1.0650 1.0610 1.0565

Resistance levels: 1.0710 1.0750 1.0780

Forex Trading Strategy

USD/JPY

The USD/JPY pair closed the week marginally higher in the 114.50 region, back from a two-month low of 112.56 achieved mid-week. The recovery was triggered by comments from FED’s head Janet Yellen, who surprised markets with hawkish comments, as she warned about the risk of not raising rates, given the increasing inflationary pressures on the economy, saying that the Federal Reserve is ready to hike “a few times a year” until reaching 3.0% by 2019. Also, backing the advance in the USD/JPY pair, as the benchmark for the 10-year note bounced back from a weekly low of 2.309% to settle on Friday at 2.47%. The Japanese calendar was quite light these past few days, but this week, the country will release its latest inflation figures, expected to remain within deflationary territory, but slightly above previous ones. Despite the sharp bounce, the downward risk persists, as the price settled around the 23.6% retracement of the latest bullish run, unable to confirm a recovery above it, whilst technical indicators remain within bearish territory, slowly turning lower. In the same chart, the 100 DMA has advanced above the 200 DMA, with the shortest now converging with the 50% retracement of the same rally at 100.25. In the 4 hours chart, the pair presents a modest upward potential, as indicators are turning slightly higher within positive territory, but the price remains well below its 100 DMA, currently around 115.60.

Support levels: 114.30 113.80 113.45

Resistance levels: 115.10 115.60 116.05

Forex Trading Strategy

GBP/USD

The GBP/USD pair closed the week with solid gains around 1.2373, holding on to Theresa May’s triggered gains, and despite tepid macroeconomic figures released last Friday. UK Retail Sales for December disappointed big, as sales fell by 1.9% in the month, when compared to November, sending the year-on-year reading down to 4.3% from an expected 7.2% advance. Core figures ex-fuel, also missed expectations, down by 2.0% monthly basis, and up by just 4.9% when compared to a year before, against market’s forecast of 7.2%. The main event this upcoming week is the Supreme Court ruling on Parliament’s participation in the Brexit decision next Tuesday. May’s conciliatory speech said that the government is willing to put the final deal to vote in both Houses, but she insisted that they will trigger art. 50 by the end of March. Pound’s recovery was enough to erase the two previous weeks’ losses, but not confirm further gains ahead, given that technical indicators lack directional strength within neutral territory, although the pair has held above a horizontal 20 DMA ever since breaking above it, now at 1.2250. In the 4 hours chart, the price is above its 20 SMA, whilst technical indicators hold directionless within positive territory. Above 1.2415, the weekly high, the pair can extend its gains towards the 1.2500 where strong selling interest will likely reject the advance.

Support levels: 1.2260 1.2225 1.2190

Resistance levels: 1.2330 1.2375 1.2415

Forex Trading Strategy

AUD/USD

The AUD/USD pair closed a third consecutive week with solid gains, having reached 0.7588, its highest since early November last Friday. Backing the Aussie were Chinese growth figures, as the annualized fourth quarter GDP resulted at 6.8%, slightly above consensus estimates. The figure has a downside as it confirmed that during 2016, Chinese economy recorded its lowest pace of growth in 26 years. Nevertheless, bouncing commodities at the end of the week, on hopes China’s slowdown is beginning to reverse, underpinned the Aussie. During the upcoming days, Australian Q4 inflation next Wednesday will take center stage. Daily basis, technical indicators are giving some modest signs of upward exhaustion, retreating from extreme overbought territory, although the price is far above a bullish 20 SMA and near the multi-month high, maintaining the risk towards the upside. Shorter term, the 4 hours chart technical indicators diverge lower, sliding as the price reaches fresh highs, but are currently flat around their mid-lines, lacking directional strength, whilst the price is a few pips above a horizontal 20 SMA. The pair needs now to surpass the 0.7600 level to be able to extend its gains towards the 0.7700 region, where the bullish trend will likely decelerate. Near this last, the risk of a steeper downward corrective will increase exponentially.

Support levels: 0.7525 0.7490 0.7450

Resistance levels: 0.7600 0.7640 0.7690

Forex Trading Strategy

GBP/CAD

GBP/CAD’s impressive rally continued on Friday, with the cross reaching 1.6488 and closing the week a handful of pips below this last. Disappointing Canadian inflation figures sent the CAD nose-diving against all of its major rivals, as annual CPI rose at a slower-than-expected pace, undermined by a continued decline in food prices, up by 1.5% against market’s expectations of a 1.7% advance. Monthly basis, inflation fell by 0.2%. The Pound on the other hand, held to its positive momentum, resulting in the cross closing up for fifth consecutive day. Technically, the daily chart shows that the price is now well above its 20 DMA and firmly above the 61.8% retracement of its latest daily decline, whilst technical indicators have lost upward strength after entering positive territory. In the 4 hours chart, the Momentum indicator retreats from overbought level whilst the RSI stands around 75 and the 20 SMA keeps heading higher below the current level, all of which limits chances of a downward move, and supports an extension towards 1.6690, late December highs.

Support levels: 1.6440 1.6390 1.6325

Resistance levels: 1.6510 1.6580 1.6650

Forex Trading Strategy

Dow Jones

US indexes closed higher on Friday, with the Dow Jon Industrial Average up by 94 points to 19,827.25, the Nasdaq Composite adding 0.28% to 5,555.33 and the S&P advancing 7 points to close at 2,271.31. The Dow reversed part of its latest losses, having closed in the red for five consecutive days, aided by positive earnings reports coming from Procter & Gamble and International Business Machines. General Electric shares, however, dropped as revenues fell short of market’s estimates. The Dow eased from a daily high of 19,845 following Trump’s inaugural speech, which failed to motivate buyers. From a technical point of view, the daily chart shows that the index remains below its 20 DMA, whilst technical indicators remain within neutral territory, indicating the absence of clear directional strength. Shorter term, and according to the 4 hours chart, the technical stance is also neutral, with indicators hovering around their mid-lines, and the index struggling with the 200 SMA, and below the 100 SMA, this last at 19,862.

Support levels: 19,769 19,704 19,676

Resistance levels: 19,862 19,918 20,000

Forex Trading Strategy

FTSE

The FTSE 100 remained under pressure on Friday, shedding 10 points to close the day at 7,198.44, ending the week in the red, down by 1.9%, for the first time in two months. Undermining the benchmark were poor UK retail sales figures last Friday, alongside with continued Pound’s strength. Within the Footsie, the banking sector remained strong, with Lloyds Banking group up by 0.51& and Royal Bank of Scotland adding 0.36%, while mining-related equities closed mixed, AstraZeneca was the worst performer, down 3.36%. Daily basis the risk is towards the downside, as technical indicators keep heading lower from overbought territory, still within positive territory, whilst the benchmark is currently pressuring a still bullish 20 DMA. The daily low last Friday was set at 7,176, the level to break to confirm additional declines. Shorter term, and according to the 4 hours chart, further slides are yet to be confirmed, as technical indicators are bouncing from oversold territory, although the index is currently below a bearish 20 SMA, this last providing a strong dynamic resistance at 7,241. It would take a recovery above this last to deny a bearish extension and see the index recovering further towards its record highs.

Support levels: 7,176 7,140 7,085

Resistance levels: 7,241 7,288 7,354

Forex Trading Strategy

Gold

Spot gold closed the week at $1,207.44, up for a fourth consecutive week although the upward momentum moderated as the commodity reached the 1,200 threshold. Gold traded as high as 1,218.77 at the beginning of the week, but retreated on the back Yellen’s hawkish comments over upcoming rate hikes. Nevertheless, it quickly recovered on a brief decline the mentioned figure, suggesting that the negative sentiment towards the greenback prevails. Technically, the daily chart shows that the price remains below a bearish 100 DMA at 1,219.63, but also well above a bullish 20 SMA, whilst the RSI indicator in the mentioned chart resumed its advance within bullish territory, after a limited downward correction from overbought readings, all of which supports some additional gains, particularly on a break above the mentioned 100 DMA. Shorter term, however, the risk is towards the downside, given that in the 4 hours chart, technical indicators failed to overcome their mid-lines and turned lower, whilst the price is struggling around a horizontal 20 SMA.

Support levels: 1,204.70 1,195.80 1,182.90

Resistance levels: 1,219.65 1,229.90 1,241.35

Forex Trading Strategy

The Wellness Clarinet LTD is now sourcing below market value properties to purchase in lease options deals as a means of cash flow generation, security, to beautify the environment and to establish valuable joint venture relationships with private investors for mutual growth.
We are a Music, Lifestyle and Trading firm, creating strategies for people desiring change, the millenial generation, the music industry, and the newly divorced, in personal and financial growth through trading the stock market.

This property investment model increases net worth and the net worth of private investors. For the moment this model not part of our value proposition on offer to clients. Our aim is to invest in properties creating a prototype of financial freedom. To beautify the environment through reburbishment and generate positive cash flow for ourselves and joint venture partners.

Below market value property opportunities are everywhere, and there are certain criteria in which a property owner may wish to let go of their property below market value. Such as a quick sale, being in risk of repossession or as a solution to being in debt.

The property value is £100,000 we buy 25% below market value at £75,000. The deposit of £18,750 is put up by the private investor. So the mortgage on the property would be £56,250.

Let’s assume the property is re-mortgaged after 6 months at its full value of £100,000 and not reburbished. The deposit can be returned to the private investor, plus the monthly agreed interest. And there will be £25,000 in equity left in the property. Plus rental revenues if so desired.

1. Split of profit. When the property is sold or remortgaged you the private investor can have a percentage stake in the property, and or ongoing profit. We can own the property together, use a ‘Deed of Trust’. Or you the investor can host the mortgage, for security if necessary.
2. The private investor lends the money to us directly. We pay the agreed interest per money until the money is paid back. Normally 1% to 3% for short term finance. 0.75% to 1.5% for more than 6 months. The security is in the property so any such concern is alleviated.
3. You the private investor receives a percentage of property revenues over 5 years.